WASHINGTON (AP) — Republicans are touting lower premiums under their health care legislation, but that reflects insurance that would cover a smaller share of the cost of medical bills. Insurers will be able to charge older adults up to five times more, compared with a three-fold difference under current law, the health care overhaul passed under former President Barack Obama. Lower-income people get less assistance with premiums in the Senate bill and the GOP would also phase out extra help that many receive with deductibles and copayments. Industry consultant and blogger Robert Laszewski says lawmakers should start from scratch and try to design a system along the lines of the Medicare prescription drug benefit, a collaboration between the government and insurers that has solid bipartisan support, even if its cost to taxpayers is a problem. What's gotten most attention is the CBO's projection that at least 22 million fewer Americans would have health insurance under either Republican bill, the one that passed the House or the Senate version. Premium subsidies would reduce the net premium to $1,700. Because of extra subsidies for deductibles and copayments, the plan would cover 87 percent of expected medical costs.
Similar Stories to Gop Touts Lower Premiums, But Other Insurance Costs To Rise on Bing News
By RICARDO ALONSO-ZALDIVAR, Associated Press, San Francisco Chronicle
Wed, 06/28/2017 - 2:03pm
BING NEWS:
- Soaring insurance costs could finally put a lid on home prices, real estate experts say
Experts said home insurance costs, which have surged nationwide, could keep prices from continuing to climb.
05/4/2024 - 4:14 am | View Link - Why auto insurance premiums will continue rising in 2024
Auto Insurance Increases Will Hit You Hard! Full coverage costs $212 a month on average, while liability-only coverage costs $103 a month. That prices out to $2541 and $1238 a year, respectively. In ...
05/4/2024 - 3:21 am | View Link - U.S. Faces Financial Challenges with a 22.2% Increase in Car Insurance Costs
As U.S. drivers face the highest car insurance premiums in recent history, understanding the intricacies of this surge becomes crucial. The escalation in costs, aligning with an inflationary trend, ...
05/3/2024 - 5:46 am | View Link - Biden administration expands Affordable Care Act to DACA recipients
The Biden administration Friday expanded healthcare to Deferred Action for Childhood Arrivals migrants, removing a prohibition on Affordable Care Act eligibility, effective Nov. 1.
05/3/2024 - 3:50 am | View Link - Soaring Insurance Costs Could Force House Prices To Fall—and Some Homeowners To Forgo Coverage
Experts say that eventually only the very wealthy and investors may be able to afford homes along the storm-prone coasts and wildfire-prone parts of the West. Everyone else, including retirees on ...
05/1/2024 - 11:05 pm | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more